Introduction
Staking dYdX (Wormhole) is an excellent choice for those looking to hold DYDX while earning yield securely and supporting the network. The process may seem overwhelming, especially for first-timers. That's why we've created this guide to help you through it.
Comprehensive Guide
1. Acquire dYdX (Wormhole) (DYDX) Tokens
To stake dYdX (Wormhole), you first need to acquire it. You can purchase dYdX (Wormhole) from various popular exchanges.
2. Select a dYdX (Wormhole) Wallet
Once you have DYDX, you'll need to select a dYdX (Wormhole) wallet to keep your tokens safe. Here are some great options.
View all 4 staking rewardsPlatform Coin Staking benefits Binance dYdX (Wormhole) (DYDX) Earn up to 2.19% APY 3. Delegate Your DYDX
We suggest using a staking pool for staking DYDX. It's easier and quicker to start. A staking pool consists of validators who pool their DYDX, increasing their chances of validating transactions and earning rewards. You can access this via your wallet's interface.
4. Begin Validation
You will need to wait for your deposit to be confirmed by your wallet. Once confirmed, you will automatically validate transactions on the dYdX (Wormhole) network. You will be rewarded with DYDX for these validations.
Key Considerations
Consider the transaction and staking pool fees. Additionally, there may be a waiting period before you begin earning rewards. The staking pool must generate blocks, which can take some time.
Recent Developments
dYdX (Wormhole) (DYDX) is currently priced at $10.15 with a 24-hour trading volume of $124.52. For those looking to buy or trade dYdX (Wormhole), Binance offers avenues to do so securely and efficiently
- 24-hour trading volume
- $124.52
DYDX
ADA
BNB
BTC
DOGE
ETH
HYPE
LINK
SOL
STETH
SUI
TRX
USDC